This week, the prices of Cryptocurrencies in general have had positive variations. This Tuesday, the trend continues and the main Cryptocurrency, bitcoin, manages to hold above the $17,000 level.
“From a technical point of view, the range delimited by $15,500-17,000/$17,500 is still valid,” says Javier Molina, senior market analyst at eToro. This expert stresses a “downward adjustment of volatility in an environment of sentiment that is still pessimistic, which may be conducive to sudden movements in the short term “. “Prices below 15,000 would open the way to the ‘delta Price’ which is now over 12,000 dollars. Above 17,500 dollars would mean going for 20,000 dollars,” Molina says.
Over the past few months, Cryptocurrency prices have plummeted, so a bullish continuation, even a slight one, is good news for investors.
Specifically, the price of Bitcoin (BTC) has risen 1.65% in the last day. It must be remembered that Bitcoin reached an all-time high of more than $67,000 in November 2021, but has since fallen by around 75%.
Meanwhile, Ethereum (ETH) registers an increase of 2.76%, to $1,296. Of the rest of the cryptocurrencies, Tether (USDT) falls 0.1%, Cardano (ADA) rises 1.76% and Ripple (XRP) falls 0.28%.
From the European Central Bank (ECB) come comments that Bitcoin is “on the path of irrelevance”. This was said by Ulrich Bindseil, CEO, at a time when many national banking institutions are testing their own digital currencies.
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